nVent Electric PLC $NVT Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in nVent Electric PLC (NYSE:NVT) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,781,567 shares of the company’s stock after selling 89,793 shares during the period. Dimensional Fund Advisors LP’s holdings in nVent Electric were worth $210,675,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after purchasing an additional 217,485 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of nVent Electric by 361.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock worth $262,835,000 after purchasing an additional 2,019,483 shares in the last quarter. Norges Bank bought a new stake in shares of nVent Electric during the 4th quarter worth $245,955,000. Bank of New York Mellon Corp boosted its position in shares of nVent Electric by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after purchasing an additional 68,818 shares during the period. Finally, Merewether Investment Management LP raised its stake in nVent Electric by 59.2% during the 3rd quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after purchasing an additional 631,800 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVT. Royal Bank Of Canada lifted their target price on shares of nVent Electric from $180.00 to $193.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Barclays upped their price objective on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Citigroup upped their target price on shares of nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. UBS Group reissued a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Finally, Evercore restated an “outperform” rating and issued a $190.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, nVent Electric presently has an average rating of “Buy” and an average target price of $190.57.

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the sale, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the sale, the executive vice president directly owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. The trade was a 40.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Stock Down 4.6%

NYSE:NVT opened at $151.51 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.50 and a beta of 1.36. The stock has a 50-day moving average price of $163.72 and a two-hundred day moving average price of $137.55. nVent Electric PLC has a 1 year low of $77.09 and a 1 year high of $184.64.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts expect that nVent Electric PLC will post 4.56 earnings per share for the current year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.6%. nVent Electric’s payout ratio is currently 27.91%.

nVent Electric announced that its Board of Directors has authorized a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

nVent Electric Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.